A “long-legged” doji is a far more dramatic candle. It says that prices moved far higher on the day, but then profit taking kicked in.
Typically, a very large upper shadow is left. A close below the midpoint of the candle shows a lot of weakness.
Here’s an example of a long-legged doji on attached chart (inside of oval circle). Daily candlesticks and patterns...
Example of a hourly two candlestick bearish engulfing pattern- happened at 1.71000, right before NY open which is great pair (GBP), price, time and session to get on a sell trade until London session closed.
Pin Bars Are in Top 5 Reversal Candlestick Setups: Chart example Bearish Pin Bar
1) Price for Candlestick Push Up Higher, but Seller are stronger & end up pushing price action down to lower edge of candlestick
2) Wick/Shadow/Tail should be 2/3 or more of candlestick in length of real body
4) Real body should be 1/3 overall length of candlestick
5) A bearish...
Engulfing (Bullish or Bearish)- on any time frame, but like most things in Forex higher time frames works better and are more profitable too.
Example chart is hourly of ChfCad, which moved great on Friday.
Rules: Chart bullish engulfing ( can be used for bearish engulfing too)
1) Look for small bearish candlestick
2) Look for body of next bullish candlestick...
The three black crows candle formation does not happen very frequently in Forex trading, but when it does occur swing traders should be very alert to the crow’s caw.
The candlestick’s metaphor is three crows sitting in a tall tree. On the day the first black crow makes its appearance, formation is most predictive if the first “crow” or dark candlestick closes...
A “Dragonfly” doji depicts a day on which prices opened high, sold off, and then returned to the opening price. Dragonflies are fairly infrequent. When they do occur, however, they often resolve bullishly (provided the Forex pair is not already overbought as show by Bollinger bands and indicators such as stochastic).
See daily attached chart of dragon fly candle,...
Hello everyone 😃
In this article we present Most useful bullish reversal patterns of candlesticks and How to trade with them. ( Sorry for my irregular chart 🤦♂️ I'm not good in drawing 😁 )
📊 What is Candlestick charts ?
Candlestick charts are a type of financial chart for tracking the movement of securities. They have their origins in the centuries-old...
Hello everyone, as we all know the market action discounts everything :)
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NOTE: some pattern could be reversal and continuation patterns depending if its in an uptrend or downtrend.
Today's video will be about the Candlestick Chart :...
Hello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
A lot of people wanna start trading but they don't know where to start, So i decided to create a series of videos to help new traders understand the Market, Charts, and...
In this post, I tried to show you the most important Candlestick Reversal Patterns of Technical Analysis with Entry points & Stop loss points . you can use these patterns for Triggers of your traders at any timeframe ⏰ (These patterns are more valid at higher timeframes).
Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends,...
📍What Is a Candlestick?
The formation of the candle is essentially a plot of price over a period of time. For this reason, a one minute candle is a plot of the price fluctuation during a single minute of the trading day. The actual candle is just a visual record of that price action and all of the trading executions that occurred in one minute.
[b📍Who...
🔷 Bullish engulfing:
A candlestick pattern where a smaller bearish candle is followed by a larger bullish candle, indicating a potential reversal of a downtrend.
🔷 Bearish engulfing:
The opposite of a bullish engulfing pattern, where a smaller bullish candle is followed by a larger bearish candle, suggesting a potential reversal of an uptrend.
🔷Tweezer tops:...
Candlestick charts are commonly used in trading to analyze market trends and make trading decisions. Candlesticks can be categorized as bullish or bearish, depending on whether the price has increased or decreased over a given period.
It is important to note that while candlestick patterns can be useful in predicting market movements, they should not be used in...
📍Bullish and bearish candlestick patterns are technical analysis tools used by traders to identify potential market trends and reversals. Bullish patterns indicate a potential rise in the price of an asset, while bearish patterns indicate a potential decline in price.
🔷 Bullish candlestick patterns include the dragonfly doji, hammer, tweezer bottom, morning star...
📍Candlestick patterns are powerful tools used in technical analysis to analyze and predict price movements in financial markets, particularly in trading. They provide valuable insights into market sentiment and help traders make informed decisions. The open, close, and various components of a candlestick, such as the body and shadows, are crucial in determining...
Hey traders,
In this educational article, we will discuss how to objectively measure the market momentum with candlesticks.
Please, note that the concepts that will be covered in this article can be applied on any time frame, however, higher is the time frame, more trustworthy are the candles.
Also, remember, that each individual candle is assessed in...
Candlestick patterns are a charting technique used by traders to analyze the price movement of financial instruments. They originated in Japan in the 18th century and were used to track the price of rice. The technique was later adapted for trading other assets like stocks, currencies, commodities, and cryptocurrency.
Candlestick patterns are an important tool...
✅Japanese candlesticks are the most popular way to read the price movement on charts. They are visual, easy to learn and the main thing is that they work.
✅The first mention of candle patterns can be found in the Japanese rice trader Homma Munehisa in the 1700s. Almost 300 years later, candles were rediscovered by Steve Neeson in his book titled "Japanese...
